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US Court Agrees to Partial Sale of Lehman Brothers
A US bankruptcy court approved the sale of investment bank Lehman Brothers' investment-management division Neuberger Berman, news reports said late Monday. The sale to a group of executives of Neuberger Berman will provide about 922 million dollars worth of stocks in proceeds, which are planned to be passed on to creditors of Lehman Brothers, once the fourth-largest US investment bank....
Hispanic Business

CME Lines Up CDS Backers
Chicago Mercantile Exchange parent CME Group is in advanced discussions with six dealers to take equity stakes in its credit-default-swap trading and clearing platform.
Wall Street Journal

Patent case of tonic working in sickly market
Seeing off generic challengers and a broader portfolio are starting to pay dividends for David Brennan, chief executive of the Anglo-Swedish pharmaceutical group
FT.com

Tata may need to invest $1 billion in Jaguar
MUMBAI (Reuters) - India's Tata group may have to pump in at least $1 billion (674,000 pounds) to revive premium brands Jaguar Land Rover that was bought by Tata Motors (
Telegraph

AIG sells Hartford Steam Boiler for $742 million (AP)
American International Group Inc. said Monday that it will sell its Hartford Steam Boiler unit to German reinsurer Munich Re for $742 million as the embattled New York-based insurer divests itself of units to pay back a U.S. government bailout loan.
yahoo.com

Lessons Not Learned About Japan`s Banks
Japan's plan to back a fund, worth as much as $225 billion, that'll buy stocks held by banks, should carry stiff requirements for banks to unload their stockholdings.
Wall Street Journal

FIABCI: Affordable Housing Is a Priority for Overcoming the Crisis and Achieving the Millennium Development Goals
NEW YORK, NY (MARKET WIRE) 'Beyond the seriousness of the real estate crisis and the economy, we must not overlook the effect on the social dimension of people's lives. It is now all the more imperative to strengthen the global partnership for achieving the internationally agreed development goals.' This warning, from the Deputy-Secretary-General, Asha-Rose Migiro, was made at a seminar on the real estate and financial crisis organized by the United Nations Economic Commission for Europe (UNECE), its Real Estate Market advisory group (REM) and the International Real Estate Federation (FIABCI), held on 16 December in
Marketwire.com

A.M. Best Affirms Ratings of Delphi Financial Group, Inc. and Its Subsidiaries; Revises Outlook to Negative (Business Wire)
OLDWICK, N.J.----A.M. Best Co. has affirmed the issuer credit rating of â??bbbâ? of Delphi Financial Group, Inc. [NYSE:DFG]. A.M. Best also has affirmed the financial strength rating of A and ICRs of â??aâ? of Delphi Financialâ??s primary life insurance subsidiaries, Reliance Standard Life Insurance Company and First Reliance Standard Life Insurance Company .
yahoo.com

Wall St closes lower on growing auto gloom
US stocks sold off on Monday as investors reacted to more bad news from the embattled automotive sector and digested new details of president-elect Barack Obama's planned economic stimulus package
FT.com

GSK axes political funds
Pharmaceutical group to end donations to political parties to remove accusations of unfair lobbying at a time of likely change to US healthcare system
Telegraph

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